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Yes, I understand the intent of the subject, which is that greed is the cause of the loss of the person to his capital account and greed, but must be out of this market to achieve a profit, which we hope to win this you have to support yourself and are not an enemy to yourself
I strongly agree with you is our greatest enemy in forex is ourselves, our emotions that sometimes we can not control, attitude can not be patient, greedy attitude that always exist in every broker who never feel satisfied with the profits that have been obtainedQuote:
Originally Posted by arjun
with this discipline then we can control our emotions because trade with discipline we will abide by all rules of our trade ranging from risk management,, money management in our trade and so we will have the opportunity to succeed in this business
l think the trader need a mindset.the basic rules must be repeated every time.like dont forget stop loose and dont move your stop loose.and dont open position against the trend.and dont get angry when you loose but try to get a lesson from it and never forget and never repeat that mistake.when a trader has this kind of mindset in a short time he or she will be succesfull.
l m very sure that when we ask our-self why are we loosing?then the answer will be becouse we dont want to change our habit and we dont want to accept our mistakes and we are repeating the same mistakes.we read we search and we listen the experts but we are not practicing it.we are still following our habits.it is like learning a new language more practice then it will get better.we have to practice what we learn.if we have rules and that rules are safe then if we want forex for our future then we have to always follow the RULES.
when l loose a trade actually l know very well why l lost couse of my own mistake.but most of us will blame the market and charts.a simple advice just do like this when you loose or win a trade stand and dance for a while l mean enjoy it.you may ask why should l enjoy if l loose ,as long as you know the reason why you loose the trade dont worry , at least know ,you got a lesson and you have to be happy for that new lesson.take note that lesson and promise yourself not to repeat it again and never. :)
I agree with you, does forex have a level of loss and is for that's what the stop loss, stop loss serves to limit our losses while playing the forex and should be able to keep emotions at a loss if you need a short break to cool downQuote:
Originally Posted by ermaniso2011
I have come to realize that am my worst enemy. I used to open a trade. When you are trading you should really remove and eradicate fear. Fear is what is killing you. You should be very good in trading without fear. You should work on yourself coz you are your worst enemy.
I think the fear is reasonable, we are afraid of losing money, so we recommend to use the money idle, and if our money is lost, it will not make us poor, it will help us to reduce the fear
Yes we have to know and understand that Greed is the main factor responsible for the loss in the Forex.
This is especially true when we are considering that our career as well as success is at stake.